Billion Dollar Payment Processor Daniel Tzvetkoff Set to Testify Against Former Cronies in “Black Friday” Trial April 9

by Lou on March 22, 2012

Daniel Tzvetkoff, the one-time high-roller Australian businessman who brought down America’s multi-billion-dollar online poker industry, is set to emerge from hibernation April 9.  He will testify in a New York courtroom, when his former Las Vegas-based business partner Chad Elie, and Utah banker John Campos, go on trial.

Elie, 31, is charged with nine offenses, including conspiring to commit bank fraud and money laundering.  If convicted, he faces a maximum sentence of 85 years.

Campos is a 57-year-old executive at Utah’s SunFirst Bank who allegedly agreed to process gambling transactions, and is charged with six offenses.  He could be jailed for 35 years.

Facing a 75 year stint in a US federal prison and charged with money laundering, bank fraud, and other charges, Tzvetkoff made a deal with prosecutors after he was arrested inside of a Las Vegas casino in April 2010.  Following his arrest, he became the government’s star informant. Tzvetkoff’s inside knowledge led to “Black Friday,” the day that PokerStars, Full Tilt Poker, and UB/Absolute Poker were shut down to US players.

His firm allegedly processed more than $1 billion in illegal transactions between US players and internet gaming websites based offshore.  As part of his plea deal, Tzvetkoff handed more than 90,000 documents over to prosecutors.

We opined that Tzvetkoff would testify, and if you search this site for posts made on October 1, 2010 and April 18, 2011, we were 100 percent correct in our assumptions.

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